Key stats
About PURPOSE CANADIAN PREFERRED SHARE FUND
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Inception date
Mar 15, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
The fund seeks to provide stream of income with potential for capital appreciation by investing in Canadian income-producing securities and equities. Such investments include preferred securities, dividend-paying equities, income and royalty trusts, ETFs, and fixed-income investments. At the time of purchase, investments in floating rate preferred securities will be predominantly of investment-grade Canadian issuers. Up to 5% of the portfolio may be made up of equities and approximately 20% in foreign securities. The fund uses a fundamental investment process that includes both top-down macro-economic analysis and bottom-up security selection. This fundamental research is used to select securities believed to offer desirable returns based on the managers view of a companys growth prospects. The fund may also use derivatives for hedging and non-hedging purposes.
Classification
Returns
1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
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Price performance | — | — | — | — | — | — |
NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Government
Bonds, Cash & Other100.00%
Miscellaneous64.15%
Government24.52%
Corporate6.84%
Cash2.97%
ETF1.17%
Mutual fund0.34%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history